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GBP/JPY trades above 156.50 again

FXstreet.com (San Francisco) - The GBP/JPY is trading again above the 156.50 after being rejected by the 156.65 level and finding support at 156.10 in the American session.

Currently the pair is at 156.50, 0.23% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

Above the 156.50 level, next resistances are at 156.75 and 157.00. On the downside, 156.00, 155.65 and 155.40 are supports.

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